US01609W1027 - ADR
I’ve got a bit of a reputation for testing out some of the wildest, strangest, and most interesting non-car electric...
Alibaba (BABA) concluded the recent trading session at $84.27, signifying a -0.86% move from its prior day's close.
New research shows that the resale sector is accelerating fast, and has overtaken sales in the broader apparel, accessories and footwear categories.
Apple is reportedly in talks with Chinese technology firms Tencent and ByteDance about using their AI models. Tencent stock gained.
(Bloomberg) -- Companies that spent billions on poorly timed acquisitions in recent years are now offloading those assets at knockdown prices. Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousAlibaba Group Holding Ltd. announced Tuesday it’s going to sell Chinese department-store chain Intime to a local apparel group for $1 billion. The price is around 30% of the company’s valuation when Alibaba bought it during the heady days of 2017. The internet giant, wh
Companies that spent billions on poorly timed acquisitions in recent years are now offloading those assets at knockdown prices.
Alibaba, which has a 99% stake in Intime, had bought the company in 2017 for $2.6 billion in a bid to grow its physical stores segment
Alibaba’s (BABA) shares have fallen more than double digits since reaching their 52-week highs in early October, following a rally driven by the announcement of a robust stimulus package for the Chinese economy. However, despite being in correction territory, I believe three bullish factors surrounding the Chinese e-commerce giant have been underestimated by the market. These factors are reflected in the company’s valuation, which appears to be sufficiently de-risked for long-term optimism. As a
Japanese tycoon Masayoshi Son and President-elect Donald Trump have announced plans for technology and telecoms giant SoftBank Group to invest $100 billion in projects in the United States over the coming four years. Trump said the investments in building artificial intelligence infrastructure would create 100,000 jobs, twice the 50,000 promised when Son pledged $50 billion in U.S. investments after Trump's victory in 2016.
(Bloomberg) -- Alibaba Group Holding Ltd. has agreed to sell its Intime department store business to Youngor Fashion Co. for around $1 billion in a move to offload non-core assets.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearThe 7.4 billion yuan deal announced on Tuesday, which confirmed an earlier Bloomberg News report, will see the Chinese ecommerce giant record a loss
Beijing-based Zhipu raised a further 3 billion yuan ($412 million) to power its artificial intelligence development efforts.
(Bloomberg) -- Beijing-based Zhipu raised a further 3 billion yuan ($412 million) to power its artificial intelligence development efforts.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearThe company, which last year drew the backing of Chinese internet leaders Alibaba Group Holding Ltd. and Tencent Holdings Ltd., announced the completion of its latest fundraising in a state
Alibaba Group Holding Ltd. has agreed to sell its Intime department store business to Youngor Fashion Co. for around $1 billion in a move to offload non-core assets.
Alibaba Group on Tuesday said it would sell its department store arm, Intime, to textiles and clothing enterprise Youngor Fashion for gross proceeds of 7.4 billion yuan ($1.02 billion). ($1 = 7.2841 Chinese yuan renminbi)
Zacks.com users have recently been watching Alibaba (BABA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Alibaba Group Holding Ltd. is nearing a deal to sell its department store business to Youngor Fashion Co. for around $1 billion, according to people familiar with the matter.
Alibaba (BABA) closed the most recent trading day at $89.23, moving +0.28% from the previous trading session.